The World Economic Forum has abandoned plans to hold its annual meeting in the Swiss mountain town of Davos next January, pushing the landmark event in global power brokers’ calendars back to the summer of 2021 because of the coronavirus pandemic.
Klaus Schwab, the WEF’s founder and executive chairman, told the Financial Times in June that there was “enthusiastic support” among its members for holding the meeting at its usual time, touting the idea as part of a necessary return to “a new normality”.
On Wednesday, however, WEF managing director Adrian Monck said it had received expert advice that it could not safely hold the event in January.
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